627700+ entries in 0.372s
mircea_popescu: bounce yeah i'm an unbelief god. like, most gods draw
their power from believers believing.
bounce: "don't mention
the powers!"
mircea_popescu: asciilifeform btw at some point ima want
to hear what you
thought!
mircea_popescu: ThickAsThieves my powers only work when nobody mentions
them.
mircea_popescu: o hey bitcoin outlets ?
there've just been a quarter million dollars worth of btc bet within an hour.
this is not news because you don't know where news in bitcoin breaks or because you don't know what news actually is ?
ThickAsThieves: <+mircea_popescu> bitbet is having a
totally shit month /// use your powers
to make BTCUSD $700 again, all will be well
bounce: (switch, ata hooked up
to some service, whatever)
bounce: oh, was about
to mention something about running your own SIP
xmj: ben_vulpes: I've
TOLD you I'd love
to work for BTC before.
xmj: ben_vulpes: yes and since
then i've had
to deal with Skype,
the IRS fuckers, and got around
to set
things up.
[]bot: Bet placed: 250 BTC for No on "Bitcoin
to surpass Berkshire as an investment"
http://bitbet.us/bet/786/ Odds: 62(Y):38(N) by coin, 74(Y):26(N) by weight.
Total bet: 1816.66146022 BTC. Current weight: 44,508.
ben_vulpes: * xmj would love
to work for Bitcoin, btw << wtf last
time i offered
to cut you checks in btc you were all "nah lets fuck around with retarded int'l payment processors"
ThickAsThieves: i guess
that's why we already see huge premiums on OTC (real) coins
bounce: what're you saying, proposing
to scam
the gullible for
the good of
the many? what how now?
mircea_popescu: ThickAsThieves well sure,
that's what ethereum is
trying
to achieve.
[]bot: Bet placed: 1 BTC for Yes on "Bitcoin
to drop under $400 before October"
http://bitbet.us/bet/1029/ Odds: 36(Y):64(N) by coin, 25(Y):75(N) by weight.
Total bet: 18.68931212 BTC. Current weight: 15,690.
[]bot: Bet placed: 1 BTC for Yes on "Bitcoin
to drop under $350 before November"
http://bitbet.us/bet/1034/ Odds: 26(Y):74(N) by coin, 24(Y):76(N) by weight.
Total bet: 11.49991689 BTC. Current weight: 54,425.
mircea_popescu: they have
the same
thing in argentina, it's called "precios cuidados". you can buy cheap shitty rice and w/e for pesos as if
the official rate were meaningfull.
bounce: well I won't say no
to a sack of
that worthless money. a milliard or
two should do.
ThickAsThieves: how does btc stand a chance of avoiding all
this? cant "goxcoins" be created and contained so as
to depress market?
mircea_popescu: don't
trade it for other
things and you won't know how worthless it is.
mircea_popescu: here are "your"
ten dollars and here's
the list of
things you may
trade it for.
bounce: "limited", in what way? "quantitative easing"
type limiting?
nubbins`: other hand: if you're some kid living in
the middle of idaho and you want
to
try LSD...
nubbins`: anyway, if you find yourself in possession of 1kg of cocaine, you know how
to get rid of it already. if you find yourself looking
to buy 1kg of cocaine, you're NOT doing it online
mircea_popescu: bounce no dude.
that's how
they rationalize it, but really,
the problem is
the money is worthless.
to maintain its appearance of value, its use has
to be limited
bounce: but it's kinda interesting
to see how money is now guilty until proven innocent. all in
the name of fighting droogs and
terrism and whatever.
bounce: every. last. one. of.
them.
xmj: also
they live with
their moms.
mircea_popescu: well something like
that. "let suburbia buy drugs while interacting with dealers on social media" was
the idea
xmj: that's why
they're dealers.
nubbins`: what moron is going
to risk his dick losing a kilo on some website?
nubbins`: the point of
the site was
to let suburbia buy drugs without having
to interact with dealers
xmj: ^
truthtalk marked by "jk"-- always
nubbins`: since SR was geared
towards end-users
nubbins`: look at what happened
to SR when
they
tried
to move big amounts
xmj: because
the
things you do
to require laundering money is illegal
nubbins`: i don't know why people
think big-time drug logistics and btc overlap in any significant way
mircea_popescu: but it didn't really go anywhere.
they got
too much drivel and
the judges don't really get impressed.
mircea_popescu: ThickAsThieves
they were
trying
that shit, mostly
to elicit new information, some vague hope
to make jury
think onoes realbadman.
bounce: as in, pressure group pays "experts"
to "prove"
teh intarwebz are full of badness. still. again. whatever.
mircea_popescu: i
think
the prime of "we're selling bitcoin
to pay for stolen credit cards" is come and gone.
ThickAsThieves: so basically if you are an otc seller, you just gotta watch out for buyers saying suspicious
things, as
they may be agents
mircea_popescu: three govt owned banks pushing govt script back and forth, what exactly is going
to be so laundery about
that ?
mircea_popescu: ThickAsThieves you gotta understand
the otc market is really a bunch of large players, in us fiat.
nubbins`: i suppose
this is a foreign concept
to you non-canadians
nubbins`: not everyone likes doing it
tho :/
nubbins`: i prefer
to receive rent via interac e-transfer
xmj: asciilifeform: how do you pay
them? bank
transfer?
los_pantalones: not if you document it, which is really quite easy
to do
nubbins`: i
think localbtc does a lotta biz
mircea_popescu: asciilifeform you're lieing
to yourself. in point of fact, on
the strength of your wot rating yo ucan participate just fine.
ThickAsThieves: just like
the NYDFS currently creating months of research
they supposedly did in
the Spring
mircea_popescu: that shit's going nowhere, suddenly
they found extra utility for all
the moles placed in random shitholes.
los_pantalones: nah but we assumed all
the SM buyers would have blue balls and pay up after
they lost
mircea_popescu: what happened was
that one favoured party got
the benefit of "match
the best offer we get", is
the problem.
ThickAsThieves: i like
this
theory, what if Draper actually bid less
than everyone, but for all 160k or so coins
mircea_popescu: nubbins` if you recall
that bet is still in contention.
nubbins`: figured
they'd go for above market rates
mircea_popescu: of course nonsensical bs like "a perfectly fair price index" would get approved by
the sec, bec, dec and heck in short order.
ThickAsThieves: fwiw
the larger SR coin address was dumped
the same day
that Draper got his coins